Selina Denman's 20-year high-school reunion. Courtesy Sarah Matheou
Selina Denman's 20-year high-school reunion. Courtesy Sarah Matheou
Selina Denman's 20-year high-school reunion. Courtesy Sarah Matheou
Selina Denman's 20-year high-school reunion. Courtesy Sarah Matheou

Why nostalgia for your childhood can be a good and bad thing


Selina Denman
  • English
  • Arabic

In my last column, I wrote of my trepidation as I headed off for my 20-year high school reunion. I am happy to report that the event – a dinner that turned into a four-day extravaganza – was a success. Everyone seemed genuinely happy to reconnect, remember and relive their youth. The “gang” has expanded significantly to include lots of little ones (in some instances, direct photocopies of the children I shared a classroom with).

There was plenty of reminiscing, the odd unexpected confession and reminders of events and conversations that had long slipped from memory. Except for the guy who turned up wearing a “Trump 2020” wristband, my former friends and classmates all seem to have evolved into happy, well-balanced adults.

The whole experience was tinged with nostalgia – which is both a good and a bad thing. With expatriates, nostalgia can be a familiar friend. It is easy – when you are far from home, friends, family and everything that is familiar – to look back with rose-tinted glasses. In times of uncertainty or loneliness, nostalgia can be a well-worn crutch. And the older you get, the easier it is to shroud yourself in it.

My classmates have scattered far and wide – travelling back from the US, the UK, Australia, Serbia and Portugal to attend our reunion. They have families, jobs and lives that are now completely disconnected from Cyprus, where we all went to school together. So I was acutely aware, at various points during the weekend, that it is extremely unlikely we will ever all be in the same place at the same time again. And we will certainly never be 18 again.

Selina Denman recently attended a school reunion in Cyprus.
Selina Denman recently attended a school reunion in Cyprus.

The dictionary defines nostalgia as "a sentimental longing or wistful affection for a period in the past". It is happiness tinged with loss – and it demands an acceptance that you can only move forward in life, not backward. But it is also a positive thing. Studies show that nostalgia, for the most part, centres on happy experiences – family holidays, weddings, the birth of children and grandchildren, and that even seemingly minor social encounters can become a source of longing, if they make a deep enough impression. Either way, you can only feel it if you have a bank of happy memories.

“People don’t tend to be nostalgic about financial rewards, materialistic pursuits, vanity strivings or individualistic priorities,” Clay Routledge, professor of psychology at North Dakota State University, writes in an article for the Institute for Family Studies. “In other words, nostalgia focuses the mind on what is most important for the good life: family, close friends, community, and the rituals and traditions that help preserve a social and cultural fabric.”

“Across a number of studies, we have observed that after engaging in nostalgic reflection, people feel more socially valued, loved, socially confident and optimistic about being able to form and maintain close relationships,” says Routledge, who has been studying the psychology of nostalgia for nearly 20 years.

So it can be empowering. You just have to make sure that it does not mutate into regret. As I had to remind myself many times over my reunion weekend, you can remember the past fondly, but it is still the past.

The specs
 
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Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)

Our Time Has Come
Alyssa Ayres, Oxford University Press

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Trippier bio

Date of birth September 19, 1990

Place of birth Bury, United Kingdom

Age 26

Height 1.74 metres

Nationality England

Position Right-back

Foot Right

While you're here
If you go

The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.

The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

Brief scores:

Day 1

Toss: India, chose to bat

India (1st innings): 215-2 (89 ov)

Agarwal 76, Pujara 68 not out; Cummins 2-40

New Zealand 21 British & Irish Lions 24

New Zealand
Penalties: Barrett (7)

British & Irish Lions
Tries: Faletau, Murray
Penalties: Farrell (4)
Conversions: Farrell 
 

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